Wolong Electric announced that on July 28, 2026, the company completed its first share buyback through centralized bidding, repurchasing 280,000 shares, representing 0.02% of its current total share capital. The highest transaction price was 29.14 yuan per share and the lowest was 29.03 yuan per share, with a total payment of 8.14 million yuan. According to the buyback plan approved at the 25th extraordinary board meeting of the ninth session on July 24, 2026, the company intends to use its own funds to repurchase a portion of its A-shares through centralized bidding for employee stock ownership plans or equity incentives. The total buyback amount will be no less than 50 million yuan and no more than 100 million yuan, with a maximum repurchase price of 51.03 yuan per share. The buyback period will not exceed 12 months from the date the board approved the plan.
Wolong Electric Group Co LtdCompany announces share buyback plan and executes first repurchase, signaling confidence and supporting stock price.